Big Lake, Alaska and The Susitna Valley News, Weather, Events, And More

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Sunday, November 19 2017 @ 03:16 AM AKST

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Report: 2014 Alaska Housing Assessment

EconomyThe Alaska Housing Finance Corporation has released a report titled 2014 Alaska Housing Assessment. To select portions of the report for download, either use the checkboxes on the right or click on the map areas located here: http://www.ahfc.us/efficiency/researc...ssessment/
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Labor awards $1.4 million for at-risk youth development

EconomyJUNEAU, Alaska—The Alaska Department of Labor and Workforce Development has awarded nearly $1.4 million in grants to support development services for eligible Alaskans ages 14 to 21.

“These grants fund career awareness programs, work experience and support services,” Business Partnerships Director Wanetta Ayers said. “The goal is to break down barriers to employment and better prepare young Alaskans for the workforce.”

The federally funded Workforce Investment Act-Youth program grants are awarded to Alaska schools and nonprofits that serve in-school and out-of-school youth experiencing unemployment and facing obstacles to re-employment and high school completion.

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Unemployment rate at 6.4 percent in May

EconomyThe seasonal decline in unemployment was reflected around the state, with 24 out of 29 boroughs and census areas posting lower rates for May. In most of those areas, jobless rates fell less than one percentage point, but fluctuations were much larger in highly seasonal areas.

Full release at: http://labor.alaska.gov/news/2014/news14-28.pdf
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Gov. Signs Bill Advancing Knik Arm Crossing

EconomyJune 20, 2014, Wasilla, Alaska – Governor Sean Parnell today signed several pieces of legislation into law, including House Bill 23, legislation to advance the Knik Arm Crossing project. In addition to providing the framework for the financing, construction and operation of the Knik Arm Crossing, HB 23 also designates the Department of Transportation and Public Facilities as the constructor of the bridge. HB 23 was sponsored by Representative Mark Neuman.

“The Knik Arm Crossing is a vital project for Alaska’s growing economy,” Governor Parnell said. “Whether it’s jobs for Alaskans, an improved transportation network, or expanded access to land for affordable housing, this project will create more opportunity for Alaskans. I appreciate Senator Charlie Huggins, Representatives Shelley Hughes and Mark Neuman, and the entire Mat-Su Valley delegation for their hard work in advancing this project.”

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Alaska’s Unemployment Rate Remains Near All-time Low

EconomyJUNEAU, Alaska—Alaska’s seasonally adjusted unemployment rate for April was 6.4 percent, down from March’s 6.6 percent, and near the all-time low of 5.9 percent.

A decline in the April national rate to 6.3 percent pushed it below Alaska’s for the first time in 65 months, which shouldn’t be misinterpreted to mean that the U.S. economy is now healthier than Alaska’s.


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Unemployment rate at 6.4 percent in April

EconomyAlaska’s seasonally adjusted unemployment rate was 6.4 percent in April, down from 6.6 percent in March. The comparable national rate was 6.3 percent, down from March’s 6.7 percent.

Alaska’s not-seasonally adjusted unemployment rate was 6.5 percent in April, down eight-tenths of a percentage point from March. Large drops in the unadjusted rate are typical in April.

Full release at: http://labor.alaska.gov/news/2014/news14-22.pdf
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Alaska Oil and Gas Workforce Plan Focuses on Industry Demand

EconomyANCHORAGE, Alaska—In this decade alone, Alaska needs 7,500 trained, highly skilled oil and gas workers to meet industry demand, according to a new workforce development plan produced by the Alaska Department of Labor and Workforce Development.

Mega-projects like the Alaska LNG project will increase the demand.

“The Alaska Oil and Gas Workforce Development Plan recognizes the needs of the industry today and in the coming years,” said Labor and Workforce Development Commissioner Dianne Blumer. “The plan also anticipates the new workforce demand created by increased investment and a portfolio of new projects.”

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Virtual Currency Investor Advisory Alert

Economy(Anchorage, AK)– The State of Alaska Division of Banking and Securities is issuing an investor advisory related to the risks associated with virtual currencies. Virtual currency, including digital and crypto-currency, are gaining investment popularity and criticism.

Virtual currency is an electronic medium of exchange that can be bought or sold through virtual currency exchanges and used to purchase goods or services where accepted. These currencies are stored in an “electronic wallet,” also known as an e-Wallet (a digital system allowing payments via computer or mobile device). “Unlike traditional currency, these alternatives are not typically backed by tangible assets, are not issued by a governmental authority, and are subject to minimal regulation,” Kevin Anselm, Director, Division of Banking and Securities said. “The value of virtual currencies is highly volatile and the financial experts find the concept difficult to understand. Investors should be aware that investments incorporating virtual currency present very real risks.” Recently, one of the largest Bitcoin exchanges, MtGox, shut down after claiming to be the victim of hackers and losing more than $350 million of virtual currency.

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Unemployment rate at 6.6 percent in March

EconomyAlaska’s seasonally adjusted unemployment rate was 6.6 percent in March, up one-tenth of a percentage point from February. The comparable national rate was 6.7 percent.

Alaska’s not-seasonally adjusted unemployment rate was 7.4 percent in March, down from 7.7 percent in February. Along with longer days and hints of spring, March heralds the beginning of the unadjusted rate’s descent into summer lows as seasonal work picks up. Rates fell in 26 of 29 boroughs and census areas from February to March.
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Alaska’s seasonally adjusted unemployment rate was 6.5 percent in February

EconomyAlaska’s seasonally adjusted unemployment rate was 6.5 percent in February. The national rate was two-tenths of a percentage point above Alaska’s for the second month in a row. This is the closest the national rate has come to Alaska’s since surpassing it in November 2008.
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Fueled by soaring stock market, Alaska's net worth climbs to $103,000 per person

Economy"Alaska is staring down the barrel of a fiscal shotgun, but its finances aren’t too shabby at the moment -- even when compared to one of the planet’s wealthiest countries. What’s more, the state has the wherewithal to bridge the coming fiscal crisis.
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